OFFERING PRICE:
$1,885,000

NOI (YEAR 1):
$75,383

TOTAL BUILDING AREA:
2,631 SF

TOTAL LAND AREA:
28,470 SF
FEATURED LISTING:
JACK IN THE BOX  
5150 Atlantic Avenue, Long Beach, CA
INVESTMENT HIGHLIGHTS
 
Long-Term Lease More than 7.5 years remaining on current 20 year term. Absolute NNN ground lease with fixed 15% rental increases every 5 years, and four (4) 5-year options to renew at fair market rates
 
Below Market Rent – Jack in the Box is currently paying only $75,383 annually ($2.39 PSF/MN.), well below the estimated market rate of $126,288 annually ($4.00 PSF/MN.). The NOI is projected to grow over $54,000 (nearly 75%) after the current term expires in 2024 and rent is adjusted to a new market rate
 
Corporate Absolute NNN Lease – Single tenant, absolute NNN ground lease – Tenant pays 100% of repairs and maintenance, property taxes and insurance, making this property perfect for passive “coupon clipper” investors
 
Drive-Thru Use – Internet resistant tenancy such as fast food restaurants like Jack In The Box generate traffic and customer trips, and impermeable to the threat of internet competition

 
CLICK HERE TO DOWNLOAD OFFERING MEMORANDUM

 
FOR MORE
INFORMATION
PLEASE CONTACT:
 
JOHN READ
+1 949 725 8606
Lic. 01359444
john.read@cbre.com
JIMMY SLUSHER
+1 949 725 8507
Lic. 01857569
jimmy.slusher@cbre.com
 
KIRK BRUMMER
+1 949 725 8418
Lic. 01218518
kirk.brummer@cbre.com
MEGAN WOOD
+1 949 725 8423
Lic. 01516027
megan.wood@cbre.com
PHILIP D. VOORHEES
+1 949 725 8521
Lic. 01252096
phil.voorhees@cbre.com
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